• Skip to content
  • Skip to primary sidebar

DFC Accountants

Accountancy and Business Services in Cardiff, Wales

  • home
  • how we can help
    • accountancy
    • bookkeeping
    • VAT
    • payroll
    • taxation
    • share dealing losses
    • exit or succession planning
    • solutions for you
  • meet the team
  • news & updates
  • Login
  • contact us

PAYE codes

27th April 2017 by

After more than three years of submitting payroll data under RTI, HMRC is finally starting to use that information to update employees’ PAYE codes during the tax year. This dynamic coding, also called “PAYE refresh”, is due to start from 31 May.

Employees will see more deductions in their codes, as tax underpayments for 2016/17 will be recovered at the same time as any remaining tax underpayments from 2015/16. However, no more than 50% of a person’s pay can be deducted through PAYE.

Individuals will be encouraged to access their personal tax account online through gov.uk to understand the changes to their PAYE code, rather than ask their employer. The individual can also query their tax code through their personal tax account, and ask that the code be changed.

HMRC has produced a range of leaflets, videos and webinars to explain these changes to employers and employees.

Filed Under: Uncategorised

Reader Interactions

Primary Sidebar

Contact Us

02920 448 120
julie.burrows@dfcaccountancy.co.uk
Address:
2 Alexandra Gate
Ffordd Pengam
Cardiff, Wales, CF24 2SA

News & Blog

  • Monthly Newswire – February 2019 14th February 2019
  • Monthly Tax E-News – February 2019 14th February 2019
  • NMW changes – 07/02/2019 14th February 2019
  • VAT and Brexit – 07/02/2019 14th February 2019
  • SDLT changes – 07/02/2019 14th February 2019

© 2019 DFC Accountants Ltd · web design by buffalo online

Address: 2 Alexandra Gate, Ffordd Pengam, Cardiff, Wales, CF24 2SA
Email: julie.burrows@dfcaccountancy.co.uk